Zacks: Salisbury Bancorp, Inc. (SAL) Given Consensus Rating of “Strong Buy” by Brokerages
Shares of Salisbury Bancorp, Inc. (NASDAQ:SAL) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokers have set a one year consensus price target of $51.00 for the company and are anticipating that the company will post $0.65 EPS for the current quarter, according to Zacks. Zacks has also assigned Salisbury Bancorp an industry rank of 22 out of 265 based on the ratings given to its competitors.
Several analysts recently weighed in on SAL shares. Zacks Investment Research raised Salisbury Bancorp from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a report on Thursday, September 14th. ValuEngine cut Salisbury Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 15th. Finally, FIG Partners reissued an “outperform” rating and set a $51.00 price target (up from $48.50) on shares of Salisbury Bancorp in a report on Thursday, September 14th.
Several institutional investors and hedge funds have recently modified their holdings of SAL. ZPR Investment Management bought a new position in shares of Salisbury Bancorp in the 2nd quarter valued at $203,000. Shufro Rose & Co. LLC bought a new position in shares of Salisbury Bancorp in the 3rd quarter valued at $209,000. Dimensional Fund Advisors LP increased its stake in shares of Salisbury Bancorp by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 25,711 shares of the bank’s stock valued at $1,066,000 after purchasing an additional 490 shares during the last quarter. LSV Asset Management increased its stake in shares of Salisbury Bancorp by 3.7% in the 2nd quarter. LSV Asset Management now owns 6,400 shares of the bank’s stock valued at $265,000 after purchasing an additional 231 shares during the last quarter. Finally, Kennedy Capital Management Inc. increased its stake in shares of Salisbury Bancorp by 1.0% in the 2nd quarter. Kennedy Capital Management Inc. now owns 23,758 shares of the bank’s stock valued at $975,000 after purchasing an additional 231 shares during the last quarter. Institutional investors own 9.86% of the company’s stock.
Shares of Salisbury Bancorp (NASDAQ SAL) opened at $45.00 on Friday. The firm has a market capitalization of $125.38, a P/E ratio of 18.75 and a beta of 0.69. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.99 and a current ratio of 0.99. Salisbury Bancorp has a fifty-two week low of $37.00 and a fifty-two week high of $50.00.
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Salisbury Bancorp Company Profile
Salisbury Bancorp, Inc is a bank holding company for Salisbury Bank and Trust Company (the Bank). The Bank is a Connecticut-chartered and Federal Deposit Insurance Corporation (the FDIC) insured commercial bank. The Bank provides commercial banking, consumer financing, retail banking and trust and wealth advisory services through a network of over 10 banking offices and approximately nine automated teller machines (ATMs).
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